Updated Two-Level Office
For Lease
$1,600/Mo
123 Elm Street, Old Saybrook, CT 06475
Commercial For Lease, Old Saybrook, CT
Space Size1,200 SF
Days on Market291
Property Features for 123 Elm Street
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning
B-2
Exterior features
Sidewalk,Gutters,Lighting,Pole Sign,Door Sign
Lot features
Dry, Level Lot, Cleared
Directions
GPS Friendly
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
HOA Fee
$492 Monthly
Utilities
Sewer type
Shared Septic
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Listing Agency:
William Pitt Sotheby's Int'l · Sotheby's International Realty
(860) 767-7488
Listed By:
Susan Malan · License #0801539
(617) 645-4392
Added: Nov 11, 2025
Changed: Aug 23
Last Checked: Aug 29 at 12:06AM
MLS# 24138062
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Investment Insights
Based on property information with market context.
This office unit provides approximately 1,200 square feet arranged over two levels, with additional lower-level basement space for storage. Recent flooring upgrades, two restrooms, central air, and off-street parking support day-to-day professional operations. The property was built in 1985 and receives public water through a shared septic system.
Positioned near the center of Old Saybrook, the setting combines convenient town access with a more private environment. Exterior features include sidewalks, lighting, gutters, a pole sign, and a door sign. B-2 zoning and the office configuration support professional office, wellness, and other commercial uses identified for the property.
Positioned near the center of Old Saybrook, the setting combines convenient town access with a more private environment. Exterior features include sidewalks, lighting, gutters, a pole sign, and a door sign. B-2 zoning and the office configuration support professional office, wellness, and other commercial uses identified for the property.
Key Highlights
- Approximately 1,200 SF across two levels with lower‑level basement storage
- Two restrooms and brand‑new flooring throughout
- Central Air cooling
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 06475, CT
10,481
Population
5,983
Households
1.8
Avg Household Size
55
Median Age
57%
College-Educated
97%
High-School Grad
15.1 sq mi
ZIP Area
694
Density / Sq Mi
$119,500
Median Household Income
$55,081
Median Earnings
$1,823
Median Rent
$479,100
Median Home Value
Market
Lease Benchmarks for Old Saybrook, CT
$16.15 /SF/Yr
Avg Asking Price
$2.74–$24 /SF/Yr
Price Range
1,855 SF
Avg Space Size
This space is priced 1% below the average of $16.15 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - B-2 zoning, central air, and basement storage support a practical professional workspace.
Where is this office units located?
The property is located at 123 Elm Street Old Saybrook, CT.
What is the lease rate?
The lease rate is $1,600/Mo.
What are key features of this property?
This property features: Approximately 1,200 SF across two levels with lower‑level basement storage; Two restrooms and brand‑new flooring throughout; Central Air cooling
